So we need to pull back on spending. Then we've got to create pro growth policies. And we can take from the playbook of two different presidents. One, President Reagan. President Reagan inherited record high inflation back at the end of the 70s. He allowed Paul Volcker, the head of the Federal Reserve, to increase interest rates up to 2021%, which hammered the economy, but finally cracked inflation. (07:44–07:50)
CLAIM
Asserts that President Reagan faced record high inflation at the end of the 1970s.
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